BlocksInform
According to a Bloomberg report published on Dec. 27, the U.S. Department of Justice has launched an investigation into the whereabouts of approximately $372 million in missing digital assets from now-defunct cryptocurrency exchange FTX and FTX US. On November 12, in the midst of the bankruptcy and internal collapse, the FTX warned clients of anomalous activity in the portfolio about at least 228,523 ethers (EPF) being transferred out of the exchange of an unknown author.
On Nov. 11, or the night of the company's bankruptcy filing, FTX US' general counsel Ryne Miller confirmed that the transactions were unauthorized and that the subsidiary exchange had moved all crypto to cold wallets as a precaution. On the twentieth of November, blockchain forensics elliptical company wrote that unauthorized transfers totaled 477 million dollars, and John Doe traded stolen ether for renbtc, before it is connected to Bitcoin via renbridge service. Ren was purchased by FTX-related hedge fund Alameda Research last year and was claimed by Elliptic to "launder hundreds of millions of dollars in crypto."
Sam Bankman-Fried, the disgraced founder of the FTX, claimed the incident was committed either by a former FTX employee or by someone who had unauthorized access to a former employee's computer. 'I reduced it to 8 people. I don't know which one," he said in an interview with Tiffany Fong, a citizen journalist.
In the last known update of the question on Nov. 29, crypto analyst zachxbt alleged that some of the stolen funds were transferred to Singapore based on the okx exchange using a Bitcoin blender. Lennix lai, okx manager, replied: ""
#OKX is aware of the situation, and the team is investigating the wallet flow.
— lennixlai.eth (OKX) (@LennixOKX) November 29, 2022
